Vernon, TX Housing Market
AI-powered market intelligence for the Vernon, TX metro area.
PropertyIQ Scores
Vernon, TX Market Analysis
Market Overview
Vernon, TX posts a PropertyIQ Score of 68 out of 100, placing it in a moderate range overall. The score’s top drivers include 12-month home value momentum of 4.51%, a median days-on-market figure of 32 days, and a relatively limited share of listings with a price cut at 13.9%. However, a 3-month home value momentum of -2.01% and a year-over-year home value change of $-15 indicate that price gains have cooled recently. This mix of steady demand measures and softening price movement keeps the overall score from signaling either a clearly strong or weak market.
Vernon’s affordability profile stands out against state benchmarks. The median home value is $104,079, compared with the state average of $301,806. The rent index is $862, well below the state average of $1,339. Median household income in Vernon is $51,626, below the state average of $76,292, but the local housing cost is also much lower. The unemployment rate is 4.4%, matching the state average. There are 20 homes for sale, which is a small inventory pool relative to many markets, though the state benchmark for active listings is not provided. Population growth data is also not available, so the demand picture must rely on the other metrics.
Key Trends
First, the home value trend shows a market that appreciated over the past year but has recently cooled. The 12-month home value momentum of 4.51% is positive. However, the 3-month momentum is negative at -2.01%, and the year-over-year home value change is $-15. In other words, gains earlier in the measuring period have been followed by slight declines or flattening, suggesting that upward pressure on prices is not currently strong.
Second, affordability remains a central feature. At $104,079, the median home value is about one-third of the state average of $301,806. The rent index of $862 is about 64% of the state average of $1,339. Even though median household income of $51,626 is below the state average of $76,292, the lower home prices and rents mean housing costs are much more aligned with local incomes than they are statewide. This creates a significant relative affordability advantage.
Third, the market is moving relatively quickly for its size. The median days on market is 32 days, and only 13.9% of listings have a price cut. With only 20 homes for sale, this points to a tighter inventory environment where well-priced homes are not lingering. The low price-cut share suggests that sellers are not yet under heavy pressure to reduce asking prices.
Fourth, labor market conditions are in line with the state. The unemployment rate in Vernon is 4.4%, identical to the state average. While median household income is lower than the state average, the equal unemployment rate indicates that local employment conditions are not a clear outlier. Missing population growth data limits any conclusion about whether the buyer base is expanding.
Who Is This Market For
This market is likely suited to first-time buyers and affordability-focused households. The median home value of $104,079 is substantially below the state average of $301,806, and the rent index of $862 is also well below the state average of $1,339. A household earning the local median income of $51,626 can access home prices that are far more affordable than the state norm. Buyers who prioritize lower purchase prices and lower monthly housing costs may find Vernon practical.
The market may also appeal to rental property investors. The rent index of $862 combined with a median home value of $104,079 suggests that rental income is relatively high compared with purchase prices, especially when compared with the state average. Investors who focus on cash-flow-friendly small markets may find the numbers attractive, though the limited inventory of 20 homes for sale means available deals may be few.
Move-up buyers or those seeking a wide selection may be less well served. With only 20 active listings and no population growth data available, the market does not show evidence of a large or expanding housing stock. Buyers who need many options or luxury-level features may need to look elsewhere.
Outlook
The outlook for Vernon is best described as stable with some cooling signals. The positive 12-month home value momentum of 4.51% shows that prices were higher earlier in the measurement period, but the 3-month momentum of -2.01% and the year-over-year change of $-15 point to softening. At the same time, the median days on market of 32 days and a 13.9% price-cut share suggest that demand is still firm enough to move listings without widespread discounting. The small inventory of 20 homes for sale may help limit larger price declines. Because population growth data is not available, longer-term demand trends cannot be determined from the provided metrics. Overall, the data supports a cautious near-term outlook: affordability and steady turnover are strengths, but recent price momentum has weakened.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Vernon, TX market data
Vernon, TX Housing Market Overview
Vernon, TX's median home value is $104K, up 4.5% over the past year. Homes here sell in a median 32 days. Its PropertyIQ Score of 68 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Vernon, TX metropolitan area represents a distinct segment of TX's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, Vernon, TX's PropertyIQ Score of 68 ranks among the South Central's stronger demand signals.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
The PropertyIQ Score for the Vernon, TX market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 4.5% over the past year.
View Vernon, TX's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Vernon, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Vernon, TX currently scores 68, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $104K, up 4.5% over the past year. So whether Vernon, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Vernon, TX?
Vernon, TX's PropertyIQ Score is 68, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 68 places Vernon, TX above its state benchmark.
Are home prices in Vernon, TX rising or falling?
Home prices in Vernon, TX are rising. Over the past year, the median home value increased 4.5%, reaching $104K. Over the latest three months, values slipped 2.0%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Vernon, TX's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Vernon, TX?
In Vernon, TX, homes sell in a median of 32 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 14% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Vernon, TX market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.